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  #261  
Old 06-29-2018, 08:52 PM
Locrian Locrian is offline
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Yea, I didn't mean that to be taken too seriously, though I think you could manage your points one way or another.

On a more serious note, I'd just remove all patent protection from pharmaceuticals and use federal money to do any research we wanted. I've seen enough "innovation" for a lifetime.
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  #262  
Old 06-29-2018, 10:11 PM
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Originally Posted by Locrian View Post
Yea, I didn't mean that to be taken too seriously, though I think you could manage your points one way or another.

On a more serious note, I'd just remove all patent protection from pharmaceuticals and use federal money to do any research we wanted. I've seen enough "innovation" for a lifetime.
Sad that Ďa more serious noteí is Ďburn it all down.í I donít mean that as an indictment of you, but rather the industry. Iím guessing you donít normally feel this way towards an entire industry.
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  #263  
Old 06-30-2018, 04:59 PM
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That would negatively impact brand, essentially turning everything generic. I don't think suggesting we just let the free market drive prices is really burning the whole thing down.

Just the part that sucks.

(I do agree it's a pretty dramatic change in public policy though)
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  #264  
Old 07-01-2018, 12:01 AM
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Originally Posted by Locrian View Post
Yea, I didn't mean that to be taken too seriously, though I think you could manage your points one way or another.

On a more serious note, I'd just remove all patent protection from pharmaceuticals and use federal money to do any research we wanted. I've seen enough "innovation" for a lifetime.
I would reduce patents to a shorter timeframe. in home electronic tech, patents are protecting things created to improve convenience. in pharma, they are protecting things that...save/improve lives. we want more of that to happen faster.
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  #265  
Old 07-01-2018, 01:13 AM
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Typically, when a patent is about to run out, do companies find a way to extend?
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  #266  
Old 07-01-2018, 06:51 AM
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Typically, when a patent is about to run out, do companies find a way to extend?
Yes. They create a slightly modified version of the original drug and patent that again. With an even higher price tag.

Or they pay off the generic companies for a time to not produce their drug when their patent has run out. This is not strictly extending the patent, but it functions in a similar way.
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  #267  
Old 07-01-2018, 03:53 PM
The_Polymath The_Polymath is offline
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This is a new one (patent trolling with a twist):

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The FTC has long fought against so-called “pay for delay” settlements, in which a brand-name drugmaker pays a generic rival to delay releasing a cheaper version of its product in exchange for resolving patent lawsuits.

In its lawsuit, the FTC accused AbbVie and Besins of filing baseless patent infringement lawsuits in 2011 against generic drugmakers Teva Pharmaceutical Industries Ltd and Perrigo Company to delay the launch of their generic versions of AndroGel.
https://www.reuters.com/article/us-a...ource=facebook
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  #268  
Old 07-02-2018, 09:30 AM
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they pay off the generic companies for a time to not produce their drug when their patent has run out
That should be illegal price-fixing, IMO.

Is that actually legal?
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  #269  
Old 07-02-2018, 09:41 AM
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That should be illegal price-fixing, IMO.

Is that actually legal?
No. But when the fines for getting caught are smaller than the (extra revenues generated from the brand name drug for another X years of time - the costs of paying off the generic company), you can understand why pharma companies do it.
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  #270  
Old 07-02-2018, 10:54 AM
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No. But when the fines for getting caught are smaller than the (extra revenues generated from the brand name drug for another X years of time - the costs of paying off the generic company), you can understand why pharma companies do it.
Ah! So we need better disincentives. Thanks for the clarification.
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